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Townhouses and apartments which are owned in the condominium form of ownership are often referred to as "condominiums" or "condos". Court: high-density slum housing built in the UK, 1800–1870. Two or more stories, terraced, back-to-back, around a short alley at right angles to the main street. Once common in cities like Liverpool [8] and Leeds.
A duplex house plan has two living units attached to each other, either next to each other as townhouses, condominiums or one above the other like apartments. By contrast, a building comprising two attached units on two distinct properties is typically considered semi-detached or twin homes but is also called a duplex in parts of the ...
Initially, the concept of a condominium was introduced by the Federal Law "On the Fundamentals of the Federal Housing Policy" No. 4218-1 dated December 24, 1992: "Condominium is an association of owners of residential premises in apartment buildings with the establishment of conditions for joint ownership and use of inter-apartment stairs ...
Buying a condominium means buying an individual unit in a property with public areas owned and managed by a homeowner's association. Buying an apartment usually means buying a share of ownership ...
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If you re a first time home buyer, you may want to consider a couple alternatives to the traditional, single-family home that is surrounded on all sides by its own expensive lawn or driveway.
Garden or walk-up apartments: 1–5 stories, 50–400 units, no elevators [1] Mid-rise apartments/condos: 5–9 stories, 30–110 units, with elevators [1] High-rise apartments/condos: 9+ stories, 100+ units, professionally managed [1] Special-purpose group housing [1] Retirement home; Nursing home; Dormitory
When the time comes to buy their first home, many Americans need to carefully weigh a variety of factors before deciding on which type of property to purchase. For the most part, it's a decision...